Last night, Bitcoin experienced a significant drop. Fortunately, a limit order set at the lower support zone was executed, leading to a strong rebound. The position has now been fully closed with profits. The decision to exit was made due to the resistance observed near the overlapping area of the upper supply zone and the Fibonacci 50% retracement level.
Until this zone is decisively broken and a retest confirms support, a conservative approach is recommended. If the resistance is cleared and a successful retest follows, another buying opportunity may present itself.
